H-PHAR
Annual accounts 2015
full format, filed on 23-12-2016, 145 days lateGross margin
-€684
▲ €854
Operating result
-€1,979
▼ €441
EBITDA
-
Cash flow
-
Solvency
85.8%
▼ 0.1 percentage points
Current ratio
0.97
▼ 0.01
Turnover: not included in this filing.
Money flows
no detail for 2015Balance sheet
balance sheet total €7.7m on 31-12-2015What the company ownsHow it is paid for
Change in equityin €m
Change in cash
Staff
Staff cost per FTE
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
Total assets20/58 |
7.7m | 7.7m | 7.7m | 7.7m | 7.7m | 7.7m | 7.7m | 7.8m | 8.0m | 6.7m | |
Fixed assets21/28 |
7.3m | 7.3m | 7.3m | 7.3m | 7.3m | 7.3m | 7.3m | 7.2m | 7.2m | 6.1m | |
Intangible fixed assets21 |
7.3m | 7.3m | 7.3m | 7.3m | 7.3m | 7.3m | 7.3m | 7.2m | 7.1m | 6.1m | |
Tangible fixed assets22/27 |
- | - | - | - | - | 289 | 1,170 | 2,204 | 7,378 | 12,567 | |
Plant, machinery and equipment23 |
- | - | - | - | - | - | 407 | 814 | 2,474 | 4,949 | |
Furniture and vehicles24 |
- | - | - | - | - | 289 | 763 | 1,390 | 4,904 | 7,618 | |
Financial fixed assets28 |
281 | 281 | 281 | 281 | 257 | 232 | 232 | 100 | 100 | - | |
Current assets29/58 |
394,348 | 394,294 | 394,293 | 393,204 | 402,975 | 401,588 | 405,000 | 522,833 | 822,460 | 551,526 | |
Stocks and contracts in progress3 |
392,000 | 392,000 | 392,000 | 392,000 | 392,000 | 392,000 | 392,000 | 392,000 | - | - | |
Stocks30/36 |
392,000 | 392,000 | 392,000 | 392,000 | 392,000 | 392,000 | 392,000 | 392,000 | - | - | |
Amounts receivable within one year40/41 |
1,068 | 1,068 | 1,067 | - | 9,649 | 9,558 | 12,715 | 21,402 | 84,015 | 58,046 | |
Trade receivables40 |
- | - | - | - | - | 133 | 5,716 | 3,284 | 45,148 | 3,929 | |
Other amounts receivable41 |
1,068 | 1,068 | 1,067 | - | 9,649 | 9,425 | 6,999 | 18,118 | 38,867 | 54,117 | |
Cash at bank and in hand54/58 |
54 | - | - | 15 | 1,326 | 30 | 285 | 108,320 | 441,235 | 490,123 | |
Deferred charges and accrued income490/1 |
1,226 | 1,226 | 1,226 | 1,189 | - | - | - | 1,111 | 297,210 | 3,357 | |
| Balance sheet: equity and liabilities | |||||||||||
Total equity and liabilities10/49 |
7.7m | 7.7m | 7.7m | 7.7m | 7.7m | 7.7m | 7.7m | 7.8m | 8.0m | 6.7m | |
Equity10/15 |
6.6m | 6.6m | 6.6m | 6.0m | 5.9m | 5.7m | 5.8m | 5.8m | 7.0m | 6.1m | |
Contributions10/11 |
8.5m | 8.5m | 8.5m | 8.5m | 8.5m | 8.5m | 8.5m | 8.5m | 8.5m | 7.1m | |
Issued capital100 |
8.5m | 8.5m | 8.5m | 8.5m | 8.5m | 8.5m | 8.5m | 8.5m | 8.5m | 8.1m | |
Uncalled capital101 |
- | - | - | - | - | - | - | - | - | 999,000 | |
Reserves13 |
- | - | - | - | 147,895 | - | - | - | - | - | |
Tax-exempt reserves132 |
- | - | - | - | 147,895 | - | - | - | - | - | |
Profit (loss) carried forward14 |
-1.9m | -1.9m | -1.9m | -2.5m | -2.8m | -2.8m | -2.7m | -2.7m | -1.5m | -953,787 | |
Provisions and deferred taxes16 |
- | - | - | 182,750 | 296,787 | 296,787 | 279,787 | 279,787 | 87,037 | - | |
Provisions for liabilities and charges160/5 |
- | - | - | 182,750 | 296,787 | 296,787 | 279,787 | 279,787 | 87,037 | - | |
Amounts payable17/49 |
1.1m | 1.1m | 1.1m | 1.5m | 1.5m | 1.7m | 1.7m | 1.7m | 839,821 | 511,701 | |
Amounts payable after more than one year17 |
686,625 | 686,625 | 686,625 | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | - | - | |
Financial debts170/4 |
686,625 | 686,625 | 686,625 | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | - | - | |
Amounts payable within one year42/48 |
406,678 | 401,170 | 397,103 | 438,687 | 435,295 | 565,254 | 562,904 | 586,103 | 839,821 | 511,160 | |
Financial debts43 |
16,599 | 13,610 | 11,150 | 8,948 | 5,088 | 3,085 | 1,526 | - | - | - | |
Credit institutions430/8 |
16,599 | 13,610 | 11,150 | 8,948 | 5,088 | 3,085 | 1,526 | - | - | - | |
Trade debts44 |
14,474 | 11,273 | 9,953 | 6,520 | 52,524 | 185,408 | 195,831 | 207,315 | 464,114 | 148,006 | |
Suppliers440/4 |
14,474 | 11,273 | 9,953 | 6,520 | 52,524 | 185,408 | 195,831 | 207,315 | 464,114 | 148,006 | |
Taxes, remuneration and social security45 |
- | - | - | 147 | 22,556 | 18,225 | 18,683 | 34,904 | 35,811 | 24,451 | |
Taxes450/3 |
- | - | - | 147 | 5,966 | 143 | 601 | 17,128 | 12,212 | 9,550 | |
Remuneration and social security454/9 |
- | - | - | - | 16,590 | 18,082 | 18,082 | 17,776 | 23,599 | 14,901 | |
Other amounts payable47/48 |
375,605 | 376,288 | 376,000 | 423,072 | 355,127 | 358,536 | 346,864 | 343,884 | 339,896 | 338,703 | |
Accrued charges and deferred income492/3 |
- | - | - | - | - | 189 | - | - | - | 541 | |
| Income statement | |||||||||||
Turnover70 |
- | - | - | - | - | - | - | - | 1,362 | 1,189 | |
Non-recurring operating income76A |
- | - | 182,750 | 114,037 | - | 8,923 | 22,804 | - | 10,853 | - | |
Gross operating margin9900 |
-684 | -1,538 | 428,582 | 18,797 | -9,378 | -11,845 | -18,545 | -417,714 | -251,240 | -157,837 | |
Goods, raw materials, services and sundry goods60/61 |
- | - | - | 7,391 | 11,103 | - | 73,910 | - | 1.3m | 982,642 | |
Remuneration, social security and pensions62 |
- | - | - | - | - | - | 1,943 | 180,760 | 137,126 | 106,128 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
- | - | - | - | 289 | 881 | 1,901 | 6,606 | 6,198 | 5,798 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
- | - | - | - | - | - | 36,936 | 26,500 | - | - | |
Provisions for liabilities and charges: additions (uses and reversals)635/8 |
- | - | - | - | - | 17,000 | - | 192,750 | 97,889 | - | |
Other operating charges640/8 |
1,295 | - | 877 | 904 | 6,151 | 1,688 | 969 | 1,488 | 2,164 | 1,017 | |
Non-recurring operating charges66A |
- | - | - | - | - | - | - | 434,361 | 20,104 | - | |
Operating profit (loss)9901 |
-1,979 | -1,538 | 427,705 | 17,893 | -15,818 | -31,414 | -60,294 | -825,818 | -494,617 | -270,780 | |
Financial income75/76B |
- | - | - | 20 | - | - | 2,365 | 9,967 | 10,669 | 8,061 | |
Recurring financial income75 |
- | - | - | 20 | - | - | 2,365 | 9,967 | 10,669 | 8,061 | |
Financial charges65/66B |
3,475 | 2,529 | 2,456 | 3,789 | 807 | 1,341 | 6,852 | 3,789 | 3,786 | 7,972 | |
Recurring financial charges65 |
3,475 | 2,529 | 2,456 | 3,789 | 807 | 1,341 | 6,852 | 3,789 | 3,786 | 7,972 | |
Profit (loss) for the period before taxes9903 |
-5,454 | -4,067 | 607,999 | 128,161 | -16,625 | -23,832 | -41,977 | -1.3m | -496,985 | -270,691 | |
Income taxes67/77 |
- | - | - | 732 | - | - | - | -518 | 566 | - | |
Profit (loss) for the period9904 |
-5,454 | -4,067 | 607,999 | 127,429 | -16,625 | -23,832 | -41,977 | -1.3m | -497,551 | -270,691 | |
Profit (loss) for the period to be appropriated9905 |
-5,454 | -4,067 | 607,999 | 127,429 | -16,625 | -23,832 | -41,977 | -1.3m | -497,551 | -270,691 | |
| Appropriation of the result | |||||||||||
Profit (loss) to be appropriated9906 |
-1.9m | -1.9m | -1.9m | -2.5m | -2.8m | -2.8m | -2.7m | -2.7m | -1.5m | -953,787 | |
| Social balance sheet | |||||||||||
Average staff (FTE)9087 |
- | - | - | - | - | - | - | 1.8 | 1.9 | 1.3 | |
Hours worked1013 |
- | - | - | - | - | - | - | 3,112 | 3,319 | 1,953 | |
| Document | |||||||||||
The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.
Source: Annual accounts 2015 (PDF), filed on 23-12-2016.
Filings
each dot is a set of accounts, on the day it reached the National Bank2015 annual accounts filed 145 days after the deadline. Filed on 23 December 2016, deadline 31 July 2016 (7 months after the close on 31 December 2015, Companies Code art. 3:10). Source: NBB, 2016-71500303.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2015 | full format | 23-12-2016 | 2016-71500303 | |
| 31-12-2014 | full format | 30-09-2015 | 2015-63700601 | |
| 31-12-2013 | full format | 10-07-2014 | 2014-29200272 | |
| 31-12-2012 | full format | 22-11-2013 | 2013-66600395 | |
| 31-12-2011 | full format | 23-11-2012 | 2012-64400564 | |
| 31-12-2010 | full format | 31-08-2011 | 2011-50200575 | |
| 31-12-2009 | full format | 14-09-2010 | 2010-54100373 | |
| 31-12-2008 | full format | 28-01-2010 | 2010-03000377 | |
| 31-12-2007 | full format | 30-06-2008 | 2008-32600256 | |
| 31-12-2006 | full format | 31-05-2007 | 2007-17500163 | |
| 31-12-2005 | full format | 16-06-2006 | 2006-26003378 | |
| 31-12-2004 | full format | 30-09-2005 | 2005-77303201 | |
| 31-12-2003 | full format | 12-08-2004 | 2004-59503961 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | - | - | - | - | -15,529 | -30,533 | -58,393 | -819,212 | -488,419 | -264,982 | |
| Cash flow | - | - | - | - | -16,336 | -22,951 | -40,076 | -1.2m | -491,353 | -264,893 | |
| Investment in fixed assets (approximation) | - | - | - | 24 | 25 | 0 | 54,558 | 618,342 | 1.1m | 820,283 | |
| Change in cash | - | - | - | -1,311 | 1,296 | -255 | -108,035 | -332,915 | -48,888 | - | |
| Working capital | -12,330 | -6,877 | -2,810 | -45,483 | -32,320 | -163,666 | -157,904 | -63,270 | -17,361 | 40,366 | |
| Solvency | 85.8% | 85.8% | 85.9% | 78.0% | 76.2% | 74.5% | 74.8% | 74.7% | 88.4% | 92.3% | |
| Current ratio | 0.97 | 0.98 | 0.99 | 0.90 | 0.93 | 0.71 | 0.72 | 0.89 | 0.98 | 1.08 | |
| Quick ratio | 0.01 | 0.01 | 0.01 | 0.00 | 0.03 | 0.02 | 0.02 | 0.22 | 0.98 | 1.08 | |
| Debt to equity | 0.17 | 0.17 | 0.16 | 0.25 | 0.26 | 0.29 | 0.29 | 0.29 | 0.12 | 0.08 | |
| ROE | -0.1% | -0.1% | 9.2% | 2.1% | -0.3% | -0.4% | -0.7% | -21.6% | -7.1% | -4.4% | |
| ROA | -0.1% | -0.1% | 7.9% | 1.7% | -0.2% | -0.3% | -0.5% | -16.2% | -6.2% | -4.1% | |
| Customer credit | - | - | - | - | - | - | - | - | 12099 days | 1206 days | |
| Supplier credit | - | - | - | 322 days | 1727 days | - | 967 days | - | 128 days | 55 days |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on H-PHAR
The operating result for 2015 is a loss of €1,979, larger than the loss of €1,538 in 2014. It is the lowest result since 2011.
Debt's share of the balance-sheet total rises from 14.2% to 14.2%. Equity is lower and debt is higher.